Skylands Capital LLC Raises Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Skylands Capital LLC lifted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 33.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 137,750 shares of the company’s stock after buying an additional 34,475 shares during the quarter. Skylands Capital LLC’s holdings in WillScot Mobile Mini were worth $4,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. TCW Group Inc. grew its holdings in WillScot Mobile Mini by 20.1% in the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company’s stock valued at $1,553,000 after purchasing an additional 7,763 shares during the period. Van Berkom & Associates Inc. purchased a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $58,855,000. Handelsbanken Fonder AB grew its holdings in WillScot Mobile Mini by 18.7% in the fourth quarter. Handelsbanken Fonder AB now owns 45,773 shares of the company’s stock valued at $1,531,000 after purchasing an additional 7,200 shares during the period. Mraz Amerine & Associates Inc. grew its holdings in WillScot Mobile Mini by 144.5% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 16,507 shares of the company’s stock valued at $552,000 after purchasing an additional 9,757 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in WillScot Mobile Mini by 13.5% in the fourth quarter. Sanctuary Advisors LLC now owns 18,575 shares of the company’s stock valued at $687,000 after purchasing an additional 2,206 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WSC has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Robert W. Baird lowered their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.22.

WillScot Mobile Mini Trading Down 8.8 %

NASDAQ WSC opened at $35.27 on Monday. The company’s fifty day simple moving average is $35.97 and its 200-day simple moving average is $36.97. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.57 and a 52 week high of $49.98. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock has a market cap of $6.52 billion, a P/E ratio of 235.15, a PEG ratio of 2.18 and a beta of 1.41.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. Equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 5th.

Insider Transactions at WillScot Mobile Mini

In related news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

About WillScot Mobile Mini

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.